Fujitsu Reports Fiscal 2008 First-Quarter Financial Results

31.07.08 - 21:57 ... source : Fujitsu

... - Operating income doubles as growth in services continues -Tokyo, July 31, 2008 — Fujitsu Limited, a leading provider of IT-based business solutions for the global marketplace, today reported consolidated operating income of 5.8 billion yen (US$55 million*) for the first quarter of fiscal 2008 (April 1 – June 30, 2008), nearly double the previous year's first-quarter result on strong growth in the IT services business. Consolidated net income totaled 0.3 billion yen (US$3 million), compared with a net loss of 14.7 billion yen in last year's first quarter when the company booked inventory revaluation losses arising from a change in accounting policies. Consolidated net sales totaled 1,177.2 billion yen (US$11,106 million), essentially unchanged from the year-earlier period. Excluding the impact of yen appreciation, net sales increased by 5%. Sales in Japan increased by 4.7%, led by higher sales of syst ...» Next (HTML)